BTL Group raised $15.3 Million for Interbit platform

Blockchain company BTL Group has raised $15.3 million to develop its Interbit platform, which aims to be launched in early 2018
27 November 2017   4241

According to whitepaper, Interbit is a private blockchain development platform designed for business innovators and developers to quickly and easily incorporate the best of blockchain capabilities into enterprise applications. It also includes a suite of APIs and smart contracts that allow enterprise application developers to rapidly, confidently, and efficiently create enterprise-grade applications.

The financial resources will be spent on building technical team and commence a sales and marketing drive in conjunction with the launch of the platform. The objectives are to onboard enterprises who can license InterbitTM to either build their own applications or partner with BTL, as well as target technology teams and developers to encourage adoption, enabling them to use the JavaScript coding language to build and share applications, said a statement.

We are delighted to have completed this funding round, where we saw significantly increased investor demand given the recent progress and exciting news from the Company. The capital will be used to rapidly expedite our go to market strategy for our third generation blockchain platform, InterbitTM.

 

Dominic McCann

CEO, BTL

BTL has operations in both Canada and the UK and it is listed on Canada's TSX Venture Exchange. The main focus has been on remittances, which BTL has partnered with Visa's digital innovation teams on. The company has also been adopting its blockchain to the energy and gaming sectors.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1259

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”